Albert H. Nahmad - 07 Feb 2023 Form 4 Insider Report for WATSCO INC (WSO)

Role
Chairman and CEO, Director
Signature
/s/ Albert H. Nahmad
Issuer symbol
WSO
Transactions as of
07 Feb 2023
Net transactions value
+$9,999,901
Form type
4
Filing time
09 Feb 2023, 16:04:10 UTC
Previous filing
12 Jan 2023
Next filing
15 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WSO Common stock 1,494 07 Feb 2023 See footnote F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WSO Class B Common stock Award $9,999,901 +39,602 +52% $252.51 115,103 07 Feb 2023 Class B Common stock 39,602 Direct F2, F5
holding WSO Class B Common stock 1,104,214 07 Feb 2023 Class B Common stock 1,104,214 See footnote F2, F3
holding WSO Class B Common stock 902,006 07 Feb 2023 Class B Common stock 902,006 See footnote F2, F4
holding WSO Class B Common stock 530,081 07 Feb 2023 Class B Common stock 530,081 See footnote F2, F6
holding WSO Class B Common stock 1,330,000 07 Feb 2023 Class B Common stock 1,330,000 See footnote F2, F7
holding WSO Class B Common stock 206,976 07 Feb 2023 Class B Common stock 206,976 See footnote F2, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares held by trust over which Mr. Nahmad maintains effective control.
F2 The Class B Common Stock is convertible into Common Stock at any time on a one-for-one basis and has no expiration date.
F3 Reflects shares held by Albert Henry Capital L.P., a limited partnership over which Mr. Nahmad maintains effective control. Of the number of shares held, 440,000 remain subject to vesting restrictions.
F4 Reflects shares held by My Pal Al, L.P., a limited partnership over which Mr. Nahmad maintains effective control, which are subject to vesting restrictions.
F5 Reflects shares held by Mr. Nahmad, which are subject to vesting restrictions.
F6 Reflects 498,845 shares held by various trusts over which Mr. Nahmad maintains effective control and 31,236 shares held by custodial accounts for Mr. Nahmad's grandchildren, of which Mr. Nahmad is the custodian.
F7 Reflects shares owned by Albert Capital LP, a limited partnership, over which Mr. Nahmad maintains effective control.
F8 Reflects shares owned by Colon Boy LP, a limited partnership, over which Mr. Nahmad maintains effective control.